How the Lehman Shock Helped Revive Japan
Paul Krugman declared “Japan used to be a cautionary tale, but the rest of us have messed up so badly that it almost looks like a role model”
No Love for Value: Markets at Extremes
“We believe we understand the past, which implies that the future should also be knowable. But in fact we understand the past less than we believe we do”
Betting the Pharma: Japan’s Misdirected M&A Boom
According to Japanese comedian and cinéaste Beat Takeshi, “crossing on a red light is not scary when everyone does it together.”
Abexit – How Much Would It Matter?
Japanese scandals are never about what they appear to be about. To quote a proverb, “the hidden side has a hidden side of its own.”
Inflation on Mars: the Global Implications of Corbynomics
The assumption that low inflation and interest rates are here to stay would be discredited – not just in the UK, but globally
Back to the future for the Yen
Currencies are inherently political and the history of the yen-dollar rate reflects the twists and turns of the US-Japan relationship…
Sun-dancing Kuroda Merits Another Term at the BoJ
The long gloomy years of deflationary stagnation, sometimes known as the lost decades, appear to be ending
Back from the Dead: the Rebirth of Japanese Stocks
These days Japan looks more like a model case in the management of an ageing, mature society
Can Abe Get His Mojo Back?
“Opposition” does not refer to minority parties in parliament, who remain irrelevant, but hardliners in the bureaucracy and their supporters
“I M Fired” – How the Asian Financial Crisis Helped Asia and Harmed the West
The ensuing collapse in the West’s financial credibility was equivalent to the Iraq War’s effect on its strategic credibility